Motilal Oswal
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Motilal Oswal
Economy

What's at stake in US-China trade talks, explained

Updated : February 15, 2019 08:40 AM IST

The governments of the world's two largest economies have been locked in a tit-for-tat tariff battle for months as Washington presses Beijing to address long-standing concerns over Chinese practices and policies around industrial subsidies, market access and intellectual property rights protections.
China is determined to upgrade its industrial base in 10 strategic sectors by 2025, including aerospace, robotics, semiconductors, artificial intelligence and new-energy vehicles. 
Chinese officials generally view the US actions as a broad effort to thwart the Asian country's inevitable rise to a dominant position in the global economy.
What's at stake in US-China trade talks, explained
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